Course description
Financial knowledge, skills and commercial awareness are business critical skills for all non-finance managers. As a manager you will be able to effectively partner with the finance function and contribute to the business's performance if you are familiar with financial terminology and principles. As a decision-maker in an organisation, you will be able to use financial information to resolve problems and improve performance.
This course provides a comprehensive overview of corporate finance and assists you in grasping the key concepts and terminology required to understand your organization's financial position. This practical, straightforward course demystifies business finance for non-finance managers, allowing you to make confident financial decisions and better understand the world of management and financial accounting.
Participants apply their learning from the introductory session to examine the construction of financial statements from transaction information and recognize the importance of judgment in accounting and its potential effect on financial statements. They will also work on a practical example on how to gather and use accounting and cash-flow information to make short- term and long-term managerial decisions. You will leave with the ability to evaluate business plans, question financial data, and contribute more effectively to boardroom decision-making.
This session is a must for anyone in a key role who is not fully confident with using financial statements and other financial information and making financially based decisions.
Upcoming start dates
Suitability - Who should attend?
The course is designed for and geared towards both:
- Those without a financial background who would benefit from a better understanding of the financial drivers of organisational success.
- Those with a finance background who want to use their financial expertise to advance their organisational and personal careers.
This course is designed for professionals in mid- to senior-level positions in public or private organisations as well as owners of small and medium-sized businesses (SMEs) or start-ups
Outcome / Qualification etc.
- Gain advanced knowledge of financial complexities by gaining expertise in project appraisal, forecasting, budgeting, and in-depth financial performance analysis.
- Engage in financial discussions with greater assurance, bringing valuable insights and understanding.
- Conduct more in-depth financial analysis by breaking down costs, revenue, and key profit drivers.
- Make key decisions regarding finances without placing an excessive amount of reliance on the finance staff.
- Make informed, valuable contributions to board-level discussions with new expertise and a deeper understanding of financial reports.
- Develop the critical finance skills needed to accurately predict future problems and successfully capitalise on new opportunities.
Training Course Content
- Advanced Financial Principles:
- Exploration of advanced financial principles.
- Understanding what financial statements reveal and don't reveal.
- Recognising the difference between profit and cash flow.
- Strategic Financial Management:
- Strategies for managing and improving profit.
- In-depth exploration of cash flows in and out of the company.
- Overview of company reporting and performance comparison.
- Financial Planning and Budgeting:
- Accounting concepts and conventions.
- The role of sound financial planning, budgeting, and forecasting.
- Understanding the basics of accounting, including balance sheets and profit and loss accounts.
- Performance Analysis and Benchmarking:
- Working with ratios, variances, and historical data.
- Comparing company performance using financial reports.
- Analysing performance compared to similar companies and competitors.
- Optimising Success: Integrating Financial and Non-Financial Measures:
- The synergy between financial and non-financial measures.
- Aligning strategic goals with a holistic measurement approach.
- Leveraging integrated measures for comprehensive success.
Optional Coaching Session:
Personalised coaching for applying advanced financial concepts in organisational strategy and decision-making.
Course delivery details
Our flexible course delivery options cater to diverse client requirements, ensuring a tailored and impactful experience. Choose from:
- Instructor-Led Classroom Sessions: Engage in hands-on activities and group-paced learning for an immersive experience.
- Live Online Webinars: Access our fully online learning with guaranteed small groups, one-to-one coaching, and flexible study options.
- On-Demand Self-Study: Opt for our 'Light' and premium 'Turbo' options, allowing you to work at your own pace around commitments.
- Tailored In-House Training: Bring the course to your organisation's doorstep, available both within the UK and internationally.
Whichever option you choose, our course is designed to provide you with the confidence, skills, and credibility to accelerate your career. Apply your learning directly in the workplace and expand your network in people management, HR, or Learning and Development.
Reviews
Average rating 4.7
Useful and interesting. Worth the time
I thought the teacher was very interesting, and the work was very helpful. I really liked this class, and the information was explained in a clear, concise way.
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Crossroads Global Private Limited
Crossroads Global helps global organisations build intercultural intelligence, enhance team effectiveness, trust, and connections. We have designed and delivered bespoke solutions such as leadership programmes to leverage distance and diversity, training modules for productive remote working and cultural awareness workshops...
great course, very practical